Dan Frey Home Loans
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Comparison

Side-by-side payments and cash to close

Lowest monthly: Assumable Loan

Total monthly

Payment stack including taxes, insurance, and HOA

Cash to close

Down payment / equity bring-to

Detail
Assumable Loan
Assumable · FHA
Assumable Loan + Second
Assumable · FHA
Current Market Conventional
New · Conventional
Loan amount$115,486$115,486$297,000
Remaining term (yrs)15.715.730.0
Secondary amount$0$181,514$0
Funding fee$0$0$0
Note rate3.900%3.900%7.400%
Blended rate4.750%6.736%7.640%
1st payment$815.63$815.63$2,056.37
2nd payment$0.00$1,210.10$0.00
Taxes / mo$614.00$614.00$614.00
Insurance / mo$150.00$150.00$150.00
MI / mo$122.49$122.49$59.40
HOA / mo$22.92$22.92$22.92
Total monthly$1,725.04$2,935.14$2,902.69
Cash to close$214,514$33,000$33,000